Shares fall 3% as brewer maintains full-year outlook

AMSTERDAM—After years of brisk growth, Heineken NV is experiencing a slowdown in Africa that could bite into its global earnings for some time.

The world’s third-largest brewer by sales said on Monday that a strong performance in Asia helped it to post a profit in the first half that beat market expectations. But weaker developing markets, particularly in Africa, are expected to weigh on its earnings the remainder of the year, it said. Heineken’s shares were down more than 3% on Monday.